Condominium Corporation Bookkeeping Toronto

Bookkeeping for Condo Corporations & Property Managers

My Book Solutions delivers accurate, board-ready financials for condominium corporations across Toronto — reserve fund tracking, common expense reconciliation, and status certificate support handled by certified professionals.

What We Handle

Built for Condo Corporations

We understand the Condominium Act obligations, reserve fund requirements, and board reporting standards that make condo bookkeeping uniquely complex.

Reserve Fund Tracking

We maintain accurate reserve fund balances and reconcile contributions against your reserve fund study so your corporation stays fully compliant.

Common Expense Reconciliation

Monthly reconciliation of common expense collections, arrears tracking, and unit owner ledgers — keeping your cash flow clear and disputes minimal.

Status Certificate Support

We prepare the financial schedules required for status certificates quickly and accurately, so unit sales are never delayed by missing documents.

Board-Ready Financial Packages

Monthly financial statements formatted for board meetings — income statement, balance sheet, and variance reports that non-financial directors can actually read.

Budget Preparation Assistance

We work with your property manager to prepare annual operating and reserve fund budgets that reflect real costs and satisfy owner expectations.

QuickBooks & Xero Certified

We work in the platforms your property manager already uses, keeping your chart of accounts clean and your year-end audit-ready.

"My Book Solutions took over our condo corporation's books mid-year and had everything reconciled within three weeks. Our board finally has financials we can trust at every meeting."

Angela Rossi

Board President, Midtown Condo Corporation

Common Questions

Frequently Asked Questions

Do you work with both self-managed and property-manager-run condo corporations?
Yes. We support both self-managed condo corporations and those working with a property management company. We integrate directly with your property manager's workflow to avoid duplication.
Can you help us prepare for our annual audit?
Absolutely. We maintain audit-ready records throughout the year — reconciled bank statements, complete transaction histories, and properly classified reserve fund entries — so your auditor has everything they need.
How do you handle reserve fund accounting separately from operating funds?
We maintain separate ledgers for your operating fund and reserve fund in your accounting software, ensuring contributions, expenditures, and interest are always correctly classified and never commingled.
How quickly can you get our books current?
Most condo corporations are fully caught up within two to four weeks. We assess your current records during the free consultation and provide a clear timeline before we begin.

Ready for Condo Financials Your Board Can Trust?

Book a free 30-minute consultation and see how we simplify condo corporation bookkeeping.